(1) No sick leave hours may be converted which would reduce the calendar year-end balance below 480 hours.
(2) Monetary compensation in January for converted hours shall be paid at the rate of 25% and shall be based upon the employee’s current salary rate and calculated in accordance with state guidelines.
(3) All converted hours will be deducted from the employee’s sick leave balance.
(4) Hours which are accrued, donated, and returned under the Shared Leave program in the same calendar year may be included in the hours eligible for compensation under this section.
[2/2010: Responsibility: Exempt Employee Association Governing Board/Chief of Staff; Authority: President’s Office ; Reviewed/Endorsed by: Cabinet/PAC; Review/Effective Date: 9-5-12; Approved by: James L. Gaudino, President]